Yes, you must file GSTR-3B for periods before your GST registration cancellation date, even if the cancellation order has been issued; you can't file for periods after the cancellation date, and you also need to file a final return (GSTR-10) and potentially apply for revocation (Form GST REG-21) if you want to continue the registration, especially if it was cancelled due to non-filing.
In case of cancellation, Final Return in Form GSTR-10 is required to be filed within 3 months from the date of effective date of cancellation or date of cancellation order, whichever is later.
In case the registration has been cancelled by the department there is a provision for revocation of the cancellation. On cancellation of the registration the person has to file a return which is called the final return.
However, once GSTIN is suspended: During the suspension status, taxpayer will be allowed to file return or upload invoices only for the period before the registration was suspended. Taxpayer will not be able to file core amendment application till the time registration is suspended.
Late Fee & Penalty for GSTR-3B
A late fee is charged for filing GSTR-3B of a tax period after the due date. It is levied as follows: Rs. 50 per day of delay. Rs. 20 per day of delay for taxpayers having nil tax liability for the month.
By when do I need to file Form GSTR-3B? For monthly filers, due date for filing of Form GSTR-3B is 20th day of the month following the month (tax period) for which the return pertains .
You face a penalty when you file your GST/HST return late if you owe money. The penalty equals 1% of your unpaid amount plus 0.25% of that amount for each full month your return is late. The maximum penalty period is 12 months. After that, no additional monthly charges apply.
How to Reactivate Your Cancelled GST Registration?
When you surrender your GST number, it's a voluntary action taken by you or your business, usually due to restructuring or ceasing certain operations. On the contrary, the cancellation of GST registration may occur due to non-compliance or regulatory issues, and it's an action taken by the tax authority.
During the suspension period, the taxpayer is not required to file GST returns or pay taxes. However, they cannot issue tax invoices or claim Input Tax Credit (ITC). The suspension remains in effect until the final cancellation decision is made or discrepancies are resolved.
This can be done through the “Application for Revocation of Suspension” option available on the GST portal. You will need to provide all the necessary details and supporting documents, such as proof of payment of outstanding dues.
If your GSTIN has been cancelled by the tax authorities, you must file a revocation application using FORM GST REG-21 within the specified deadline. The GST revocation time limit for processing the request is 90 days from the date on which the GSTIN suspension order was issued.
Rule 44: Reversal of ITC in case of cancellation of GST registration or switches to composition scheme. The aim of this rule is to reverse all the ITC that has been availed by a registered person in the event that he chooses to pay tax under the composition scheme or his registration gets cancelled for any reason.
Cancellation of GST registration means that the taxpayer will no longer be a registered person under GST and will not have to pay/collect any GST, claim an input tax credit or file returns. GST registration cancelled is covered under Section 29 of the CGST Act and Rules 20 to 22 of the CGST Rules.
If your GST registration and ABN are cancelled too close to your business cease date, your final lodgments cannot be processed. This may delay any potential refunds. Cancelling GST will automatically cancel registrations for luxury car tax, wine equalisation tax and fuel tax credits.
Therefore, upon non –filing of GST returns or missing out the GST due dates, the GST law prescribes a general penalty. The maximum penalty that may be imposed is Rs. 5,000. The taxpayer will be required to pay interest on late payment of GST at a rate of 18% annually in addition to the late payment penalty.
Login to the GST Portal with your user-ID and password. 3. Navigate to the Services > Registration > Application for Cancellation of Registration option.
Once your application is accepted, the process of cancelling GST registration should take no more than 15 days. However, it may take up to a month, depending on the complexity of your application and the volume of work the GST department is dealing with. In some cases, the process may take longer than 15 days.
Application: File GST REG-21 form online through the GST portal. Approval process: Tax officer reviews the application and supporting documents. Communication: Officer may seek additional information or clarifications. Decision: Upon satisfaction, the officer issues GST REG-22 form for revocation.
Steps to Check the GST Registration Cancellation Status
Whenever you cancel your GST registration, there is no cancellation fee by the government.
Revocation of an offer occurs before acceptance, while cancellation occurs after acceptance but before contract formation. Revocation is withdrawing the offer, while cancellation is canceling the offer due to the offeree not meeting conditions.
Yes, GSTR-3B can be filed after the due date; however, it will attract a late fee and interest. The penalty is Rs. 50 per day, or Rs. 20 per day for NIL returns, and interest is charged at 18% per annum on the outstanding tax amount.
1. Login into GST portal: Navigate to > Services > User Services > My Applications. 2. On Navigating to 'My Applications' page, the taxpayer has to select 'Apply for Waiver Scheme under Section 128A' option under 'Application type' dropdown.
If a person fails to register for GST within the prescribed time limit, he/she is liable to pay a penalty. The penalty for late registration of GST is 10% of the tax due or Rs. 10,000, whichever is higher.